Reports released into the future State Pension age
March 27, 2017
John Cridland CBE and the Government Actuary’s Department recently released two reports that will help inform the government’s review of the State Pension age which is due in May 2017.
The John Cridland report looked at the key issues that drive State Pension age changes including, but not limited to:
the challenges faced by those who rely most on the State Pension
the long-term financial sustainability of the system
The Government Actuary’s Department (GAD) was asked to consider 2 alternative scenarios for the State Pension age, reflecting an adult in receipt of the State Pension for either 32% or 33.3% of their projected adult life in retirement.